Pennar Inds hits new high

Pennar Industries, which had closed on Friday at Rs.73.50, opened higher today at Rs.77.80 and went on to hit a new 52-week high at Rs.79.65 and is now trading at Rs.78 levels.

The stock hit a new high after the company announced that it had won multiple orders accumulating to Rs 851 crore.

These orders are across various verticals – PEB ( pre-engineered buildings), Ascent Building, ICD (industrial components), Railways, tubes and steel.

All the orders are expected to be executed within the next two quarters.